To the Point
Report Says Countrywide Loans Used to Win Favor
Countrywide Financial, which helped create the sub-prime mortgage crisis, discounted hundreds of loans to members of Congress and officials of Fannie Mae, protecting its business and fending off regulation. That's the result of three years of investigation by a House committee chaired by Republican Darrell Issa of California.
By Warren Olney • • 1 min readCountrywide Financial, which helped create the sub-prime mortgage crisis, discounted hundreds of loans to members of Congress and officials of Fannie Mae, protecting its business and fending off regulation. That's the result of three years of investigation by a House committee chaired by Republican Darrell Issa of California. Clea Benson reports for Bloomberg News.
